Robust industrialization and growth in Vietnam has fueled a surging demand for electricity. Electricity consumption from industrial and residential, is expecting to grow by 8 - 12 percent annually through 2020. And to meet this demand, additional capacity of 4,000 MW per year, from now through 2020, will be required.

The recent revised Power Master Plan VII (towards 2030) emphasized renewable energy capacity growth in wind, solar and biomass power, with targets to increase the percentage of renewable energy power to 7% percent by 2020 and 10 percent by 2030.

The current policies set to encourage foreign investors in power development with BOT, BOO, and PPP. To attract more investment from the private sector in developing IPP projects, MOIT and EVN have been working on a roadmap for price increases and gradual elimination of government control.

However, besides the low electricity prices and relatively lower Feed-in Tariff for wind power, Vietnam’s electricity market poses several challenges to international investors and project developers. The current PPA still falls short of bankability and BOT procedures require clearer guidelines. Juggling against raising equipment cost, much has to be done to attract the foreign investments into Vietnam’s renewable power generation projects.

This event is an excellent platform to promote your organization to influential players and investors in the industry. Sponsorship opportunities available include Corporate,Exclusive luncheon &Cocktail sponsor.

This HCMC summit is an opportune platform for participants to not only meet officials, industry influencers and key players from Asia’s renewable energy, biomass and bioenergy industry but evaluate new prospects in the region. Vietnam’s renewable energy market - expected to add 40 GW of solar based electricity, 12 GW of wind power and 3.7 GW of biomass power by 2035 is a major highlight at the summit.

BCG, Hanwha plan 100MW solar power project in Southern Vietnam

Posted on : 16 Nov, 2017

Vietnam’s renewable energy sector is witnessing several new investments. Recently, BCG Băng Dương – a Vietnamese infrastructure company announced its partnership with South Korea’s conglomerate Hanwha Group to invest in a 100MW solar power plant. The facility expected to have an investment of approximately $100 million will be located at Thanh Hoa district in Long An province of southern Vietnam.

The partners say that the construction will commence in first quarter of 2018 with production of power expected in 2019.

The Long An solar plant, once operational, is anticipated to increase Vietnam’s power supply and help meet the country’s rapidly rising demand for electricity. The plant will also help mitigate climate change, provide environmental protection and sustainable socio-economic development.

Hanwha Group will help the project in terms of technology equipment, engineering and installation while also securing international funding for the solar project. On the other hand, BCG will be responsible for arranging capital sources, handling matters related to permits and study for the plant. In addition, BCG will also manage project implementation alongside negotiation and signing the EVN power purchase agreement.

Vietnam’s Renewable Energy Development is key to Meet its Rising Electricity Demand

Posted on : 14 Sep, 2017

Asia’s renewable energy sector is opening up to new investments – especially in the current attractive market – Vietnam. It is estimated that Vietnam’s demand for electricity will increase to 265 billion kWh by 2020 and 570 billion kWh by 2030 compared to the current 170 billion kWh.

To meet such demand, Vietnam has to exploit its renewable energy sources. The Government is already keen at increasing renewable energy power and aiming to produce 12 billion kWh of renewable energy by 2020 – with further target of 89 billion kWh by 2030.

Some of the industry experts are also of the opinion that Vietnam should look at neighbouring countries to meet a portion of its electricity needs. China, Laos and Cambodia can possibly offset Vietnam’s shortfall of 100 billion kWh by 2020.

Currently, Vietnam is primarily sourcing its power from hydropower, coal-fired thermal power and gas. However, the country also needs to develop wind, solar, and biomass power – that currently have modest capacities of around 100 MW, 15 MW and 10 MW respectively.

Investments in the renewable energy sector in Vietnam is one of the key to its success. To attract investments local governments should create favorable conditions for investors as well as make land allocation for power generation facilities. What is also important is electricity price regulation. Some analysts advise prices of wind and biomass power to be raised to about 9 cents per kWh to ensure that investors can recoup their investment capital.

Thomas Leonard Country Manager for Energy & Renewables in Thailand and Indonesia, specialising in renewable power generation and advisory services to other electricity industry stakeeholders. He has more than eight years of experience working directly in the energy industry and a further three years' experience of managing process consultancy projects. Prior to this he was a Marine Engineer in the British Royal Navy for five years. He special....Read more

Thomas Jakobsen has over 12 years of experience in Indochina, focused on renewable energy. He is the Managing Director Renewable Energy, at Saigon Asset Management, and is responsible for direct investments and advisory services in the renewable energy sector.

From 2009 to 2013, Mr. Jakobsen was Investment Director in Anpha C....Read more

Mr. Nguyen has a degree in Electric System engineering and holds a Master degree of Energy Technology. Mr. Nguyen has 27 years working as a consultant for the Power Engineering & Consulting Company, with over 10 years experience in the field of renewable energy. At his position, he has done many Vietnam wind/solar energy projects and known well the situation of the Vietnam RE industry.